June 25, 2018 4:11 PM ET

Pharmaceuticals

Company Overview of Cerecor Inc.

Company Overview

Cerecor Inc., a pharmaceutical company, focuses on pediatric health care. Its lead product portfolio includes prescribed dietary supplements, such as Poly-Vi-Flor and Tri-Vi-Flor; and prescription drugs, such as Millipre, Veripred, and Ulesfia for the treatment of inflammation of the skin, joints, lungs, and other organs, as well as asthma, allergies, arthritis, and head lice infestation. It also offers Karbinal ER, AcipHex Sprinkle, and Cefaclor for oral suspension; and Flexichamber. The company is developing CERC-301, an orphan neurological indication for controlling neurologic adaptation; CERC-611, a drug candidate for the treatment of partial-onset seizures in epilepsy; and two preclinic...

400 East Pratt Street

Suite 606

Baltimore, MD 21202

United States

Founded in 2011

38 Employees

Phone:

410-522-8707

Key Executives for Cerecor Inc.

Cerecor Inc. does not have any Key Executives recorded.

Cerecor Inc. Key Developments

Cerecor Inc. Approves Amendment to Certificate and Bylaws

Cerecor Inc. at its AGM held on May 15, 2018 approved an amendment to the company's Certificate and Bylaws to declassify the Board, to eliminate the provisions requiring a super-majority stockholder vote to amend the Bylaws, and to act by majority written consent as long as Armistice Capital LLC owns at least 40% of outstanding stock.

Cerecor Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018

Cerecor Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenues, net of $4,483,000 compared to $384,000 a year ago. Loss from operations was $3,492,000 compared to $1,899,000 a year ago. Net loss before taxes was $3,860,000 compared to $1,961,000 a year ago. Net loss was $3,883,000 compared to $1,961,000 a year ago. Net loss per share of common stock, basic and diluted was $0.12 compared to $0.19 a year ago. LBITDA was $2,692,000 compared to $1,897,000 a year ago. Adjusted LBITDA was $1,435,000 compared to $1,565,000 a year ago. Based upon current performance, the company has increased its full-year 2018 net revenue guidance to $16 to $18 million and projects its 2018 adjusted EBITDA to be approximately break-even.

Cerecor Seeks Acquisitions

Cerecor Inc. (NasdaqCM:CERC) plans acquisitions in year ahead, as said by the Chief Executive officer Peter Greenleaf.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 12, 2018
Avadel Pediatric Portfolio
Merger/Acquisition
November 17, 2017
TRx Pharmaceuticals, LLC
Merger/Acquisition
August 14, 2017
Cerecor Inc., CERC-501
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